Getting Car Insurance Discounts Central Falls RI

If you are looking to save money, it's best to choose a highly rated model of car. How do you know which ones are highly rated? Industry agencies assign a rating to every car model based on historical collision, injury and theft claims, among other factors. The higher the rating, the lower your insurance is likely to be.

Getting Car Insurance Discounts

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Getting Car Insurance Discounts

Qualifying for car insurance discounts is likely easier than you think. Just asking about discounts available to you can make the difference between one insurance quote and another by hundreds of dollars! Many companies offer a variety of discounts, but you do have to remember to ask for them or select your coverage carefully to get them.

As always, remember to shop around. Keep in mind the ways in which you can actually get a discount. In addition, understanding the factors that impact auto insurance premiums can help savvy shoppers make a better decision about coverage and save money in the process.

In general, there are discounts that are related to your insurer, including discounts for the type of coverage selected and multi-policy discounts. There are discounts that are related to you as a driver, which normally will relate to your driving record or the type of driving that you do. For more information see reducing insurance costs . There are also discounts related to your vehicle and how that vehicle is rated for collision and theft.

Discounts offered based on your policy

The first place to look to reduce insurance costs is to decide if you need certain types of coverage. If you own an older car, it may not be necessary or cost-effective to protect it with collision and comprehensive coverage. In general, if your car is over 10 years old (and it's neither a high-end nor a “collector” vehicle), it may make sense to drop collision or comprehensive or both. Another way to lower a premium is to select a higher deductible. If you've never had a claim with the vehicle, a higher deductible can save you a lot and it will always reduce your premium to some extent.

You should also keep in mind that most providers offer multi-policy and “multi-vehicle” discounts. If you consolidate your coverage for both home and vehicle for instance under one insurer, you can usually expect to save about 10% on each policy. You may also qualify for additional discounts if you have more than one vehicle insured with the same insurance company. It's worth the time to investigate, especially if you have multiple cars and a homeowners policy that you can get through a single insurer.

Discounts offered based on your vehicle

Here's where the model of vehicle that you want to insure can make a big difference. If you are looking to save money, it's best to choose a highly rated model of car. How do you know which ones are highly rated? Industry agencies assign a rating to every car model based on historical collision, injury and theft claims, among other factors. The higher the rating, the lower your insurance is likely to be. You can find the ratings for vehicles in car magazines or the annual books written about car makes and models. Large market newspapers may even have a weekly section on cars and their rankings. Now, if you want to pay a lot for insurance, choosing a flashy red sports car with a lower ra...

Why would you shop around if you were happy with your insurance company? Well, the fact of the matter is that exactly the same coverage can cost you widely different amounts, depending on your insurance company.